We wish to state categorically that Lagos State University (LASU), like other subvented MDAs, collects the sum of N450,000,000.00 (Four hundred and fifty million naira) EVERY MONTH Every month from Lagos State Government as Subvention.
The Government expects the institutions to also be responsible in the application of the funds and the staffing of the institutions.
We must also have at the back of our mind that they have IGR they generate and not accountable to government on how same is expended.
Aside the Subvention, Lagos State Government is also responsible for the infrastructural developments, including the recently approved 8,000 plus bed hostel and other ancillary things including payment for accreditation exercise for which the last one cost the government close to N500m.
We expect that the management of these institutions pay up their staff salaries to avoid situations that looks more like deliberate sabotaging of the efforts of Mr. Babajide Sanwo-Olu’s led administration as we prepare for schools resumption.